SIBERC-STEI SEBI and Akademizi-IZI issued a policy brief entitled Reputation Risk in Islamic Philanthropic Institutions in Indonesia; Challenges and Management. This is done because philanthropic institutions need trust as a support, so there is a need to mitigate the risk of the institution's reputation.

"Islamic philanthropic institutions (LFI) in Indonesia have a strategic role in supporting programs to improve community welfare. So we compiled this policy brief so that LFI can carry out its role as a social safety net more optimally," said Sigit Pramono as Chairman of STEI SEBI and Nana Sudiana as Director of Academia who alternately gave explanations related to the Policy Brief at the Public Expose 'Indonesia Islamic Philanthropy Outlook 2023' at Park Hotel Jakarta, Wednesday (4/1/2023)

On the Public Expose agenda, Drs. H Tarmizi Tohor as Director of Zakat and Waqf Empowerment, Bimas Islam, Ministry of Islamic Religion of the Republic of Indonesia gave a Keynote Speech and then the opening of Wildan Dewayana Rosyada as President Director of LAZ IZI.

Chairman of STEI SEBI, Sigit Premono, PH. D, CA, CPA in a moderated presentation Ahmad Baehaqi as Director of Research SIBERC explained, this policy brief recommends 4 main points, including: 1. Strengthening LFI's good governance practices in an integrated manner as a form of actualization of Islamic moral values for an institution that prioritizes Islamic principles.2. Strengthening the coaching and supervision ecosystem by relevant authorities that are integral and not sectoral. 3. Preparation of comprehensive good governance regulations for LFI, while still realizing the importance of balancing the implementation of self-assessment and regulatory assessment on risk management. 4. Preparation of policies/SOPs related to reputation risk mitigation for LFI, including disclosure of public information, risk profile reports, evaluation reports on reputation risk handling submitted by management within the framework of anticipating systemic risks.

This Policy Brief received a positive response from various parties, Imam Teguh Sartono as Vice Chairman I of BWI expressed his agreement with the policy brief submitted. He also added some important points to consider. Among them are related to technology support, HR certification, and community supervision through independent institutions.

In addition, Nadratuzzaman Hosen, as the Head of BAZNAS RI also approved the recommendations in the policy brief with emphasis on the importance of synergy of zakat programs, waqf and other donations in an integrative manner. The same expression in Muhibuddin, as Head of the Sub-Directorate of Accreditation and Audit of the Zakat Institute, Directorate General of Bimas Islam, Ministry of Religious Affairs of the Republic of Indonesia. He also hopes that the recommendations in this policy brief will also pay more attention to the current conditions. So that it can be applicatively adopted immediately by the authorities.